Oppenheimer & Co. Inc. Purchases 2,905 Shares of The Charles Schwab Co. (NYSE:SCHW)

Oppenheimer & Co. Inc. boosted its position in shares of The Charles Schwab Co. (NYSE:SCHWFree Report) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,081 shares of the financial services provider’s stock after acquiring an additional 2,905 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Charles Schwab were worth $11,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC bought a new position in shares of Charles Schwab in the third quarter valued at about $28,000. Sugarloaf Wealth Management LLC grew its stake in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 165 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Charles Schwab in the fourth quarter valued at about $30,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Charles Schwab in the fourth quarter valued at about $31,000. Finally, Hall Laurie J Trustee acquired a new position in shares of Charles Schwab in the fourth quarter valued at about $34,000. 84.38% of the stock is owned by institutional investors.

Charles Schwab Trading Up 3.3 %

Shares of SCHW stock traded up $2.40 during trading hours on Wednesday, hitting $74.39. 7,008,576 shares of the company were exchanged, compared to its average volume of 7,526,076. The firm has a market cap of $132.21 billion, a P/E ratio of 30.85, a P/E/G ratio of 1.11 and a beta of 0.96. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The company has a 50 day simple moving average of $73.85 and a two-hundred day simple moving average of $68.16.

Charles Schwab (NYSE:SCHWGet Free Report) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.71 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. Equities analysts anticipate that The Charles Schwab Co. will post 3.26 EPS for the current year.

Charles Schwab Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, May 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SCHW shares. Bank of America increased their price objective on shares of Charles Schwab from $68.00 to $70.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 16th. Citigroup increased their price objective on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Barclays increased their price objective on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charles Schwab from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.65.

Read Our Latest Analysis on SCHW

Insider Activity at Charles Schwab

In related news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total value of $1,771,079.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Charles Schwab news, General Counsel Peter J. Morgan III sold 24,520 shares of Charles Schwab stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $72.23, for a total transaction of $1,771,079.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of Charles Schwab stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the transaction, the director now directly owns 581,457 shares in the company, valued at $41,207,857.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 655,476 shares of company stock valued at $48,718,705. 6.60% of the stock is owned by company insiders.

Charles Schwab Company Profile

(Free Report)

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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